Update on Karla IvaniaKarla is originally from Estelí city. She has a grinding mill business, which is a good business that has enabled her to support her children. She is grateful to kiva and Micrédtiro as she has been able to guarantee good service to her customers and to have the best conditions in her area. She seeks a loan to maintain her grinders and buy replacement disks, with the goal of providing better service to her customers. She believes the loan will help her be able to meet her customer's demands and provide safe and steady service.
Previous Loan DetailsKarla, 38, was born in Pueblo Nuevo in Esteli. She is married, the mother of two children ages 8 and 9, and a merchant. She has operated a grinding service for a year. Because she lacked money, she only finished the second year of high school. At 37, she started this business with her savings. She… More from Karla Ivania's previous loan »
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid